Lee Financial Co Lowers Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Lee Financial Co cut its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,294 shares of the oil and gas producer’s stock after selling 465 shares during the quarter. Lee Financial Co’s holdings in Viper Energy were worth $1,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Viper Energy in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC raised its position in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares during the period. National Bank of Canada FI boosted its position in shares of Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Viper Energy during the 4th quarter worth $94,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VNOM shares. Raymond James reissued an “outperform” rating and set a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Friday, December 13th. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Barclays raised their price target on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Trading Down 1.2 %

Viper Energy stock opened at $49.41 on Friday. The stock has a 50-day moving average price of $49.41 and a 200 day moving average price of $49.21. Viper Energy, Inc. has a 52 week low of $33.03 and a 52 week high of $56.76. The stock has a market cap of $10.53 billion, a PE ratio of 21.21 and a beta of 1.71. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given a $0.65 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is currently 51.50%.

About Viper Energy

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.